Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” There is nothing I can add here and as you will see below, it is indeed the eighth wonder of the world.
I assume you have already heard about the power of compounding and probably, not once. Your math teacher or numerous articles in different personal finance magazines have already tried to explain what it is. Yet, many people still remain confused on how it works and how exactly to use it to their advantage. [Read more…] about The Incredible Power of Compounding